Asked by Abhishek Chaudhary on Jul 02, 2024

Which reward system is least appropriate in a situation in which an organization's training budget is particularly low?

A) profit-sharing
B) flexible benefit plans
C) informal rewards
D) skill-based pay

Training Budget

The allocation of financial resources dedicated to training and development activities within an organization.

Profit-Sharing

A compensation strategy where employees receive a portion of the company's profits in addition to their regular salary, linking their earnings to the company’s performance.

Flexible Benefit Plans

Employee benefit programs that allow workers to choose from a variety of pre-tax benefits, customized to their personal needs.

  • Distinguish the context in which specific reward systems should be applied based on organizational goals, employee influence, and budget constraints.